Moody’s see weak fundamentals in China’s property sector as a weight in next 12-18 months | Forexlive

Via Moody’s:

• Weak fundamentals in China’s property sector will further weigh on
  Chinese developers’ credit quality over the next 12-18 months
• State-owned Chinese property developers will outperform market, while
  privately owned companies will face further strain
• Uncertain sales recovery in China’s property sector further cloud
  rated developers’ ability to restore financial profiles

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Meanwhile the US dollar is dripping a touch lower in Asia. The market is unforgiving of yields dipping. Fickle lot. And very, very long USD of course 😉

AUD/USD, as an example, but NZD, CAD, GBP and EUR all a touch better bid also: